So, what are the prices of flexible office space? Well, it can vary greatly depending on location, amenities, and the type of space you need.
How is the pricing displayed?
In the flexible office market, the pricing of private offices is most commonly displayed monthly. For example, a 10-desk office is £5,000 + VAT per month. It can however also be displayed per desk per month. For example, a 10 desk office costs £500 + VAT per desk month.
Pricing can be displayed per square foot but this is less common in the flexible workspace market and more common in the traditional leasing markets. If the pricing is displayed per square foot, then this is commonly an annual price. For example, a 500-square-foot office is £100 per square foot per annum.
Techspace Office London
What is included in the price of an office?
If you are taking a private office within a larger coworking space then the price stated is most commonly all-inclusive. It will include:
The pricing of the use of additional meeting rooms can either be:
A credit system in which you are allocated a certain number of credits per month free of charge
A PAYG system in which you pay for the use of meeting rooms
Free of charge in which all meeting room usage is free of charge.
If you are taking a traditional lease then the pricing will be broken down into; rent; rates; and service charges. The tenant will then be responsible for paying all costs themselves.
What are the key factors that affect pricing?
Location
Location is the biggest factor when it comes to pricing for finding flexible office spaces. In major cities like New York or London, a single desk's prices can range from £500 to £1000 per month. On the other hand, smaller towns may offer more affordable options starting at around £200 per month.
Office Space Shoreditch
Amenities
Amenities are another significant aspect that influences the price of flexible office space. Basic amenities such as internet access, printing facilities, and shared kitchen spaces are usually included in the price.
However, if you require additional services like meeting room bookings, car parking or a registered office address, it might come at an extra cost.
The more amenities the office has, the pricer the space normally will be. For example, there might be a gym on-site or an on-site cafe.
Do the prices of offices vary within the same building?
Simply put - yes! Different offices of similar size in the same building may vary in size. This might be due to:
Internal or external - offices with external views are commonly priced higher
Views - if the space has a particularly nice view
Decor - whether the space has been recently refurbished or not
Proximity to amenities within the building
TOG Bloomsbury Office
Can you negotiate on flexible office space prices?
Of course, the first price you receive will be the list pricing. This price is negotiable. Tally Workspace is in a prime position to negotiate on your behalf as we know the market prices and most recent deal values. Depending on your preferences, it is possible to negotiate on the headline monthly rent, rent-free period and meeting room credits. You can also ask for a budget for fit-out/customisation.
It will be easier to get a better deal if you can sign and/or move in quicker. It can also be easier to negotiate at the end of the quarter.
In summary, the prices of flexible office space can vary greatly depending on location, amenities, and the type of space you need. But always remember that prices are negotiable!
So, if you're looking for a flexible office space, research and compare prices to find the best fit for your business. The Tally Workspace team are always here to help - let us know what you are looking for or email us at [email protected]
